Merger of Reichhold and Polynt Creates Global Specialty Chemicals Group
GREENWICH, CT - Reichhold and Polynt announced the closing of the merger of the two companies, which was announced last year. The new Polynt-Reichhold is a global company in intermediates, coating and composite resins, thermoset compounds, gel-coats and niche specialties with more than €2 billion in revenues. Black Diamond Capital Management L.L.C. and Investindustrial are equal investors in the new group.
The merger enhances the group's leading position as a global, vertically-integrated specialty chemicals player, with significant presence in North America, Europe and Asia, based on Reichhold's global scale, extensive product portfolio and R&D competencies, now further reinforced by Polynt with the successful integration of PCCR and CCP in the last five years.